Gold Regains Its Glitter

Both the metal and mining stocks are on the verge of an "official" bull market, but resistance remains at higher prices.

The rear-view mirror classification of a bull market being a 20% move from a major low is less than useful as it does not tell an investor what to do now. In the case of gold and its 18% move up from its June low, however, it does leave the door open for further gains and an attempt to reach that magic threshold.

To steal a name coined by Ian McAvity, editor of the Deliberations on World Markets report, auric insects, a.k.a. gold...